Will Beijing step in to save debt-ridden property developer Evergrande? • FRANCE 24 English

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FRANCE 24 English published this video item, entitled “Will Beijing step in to save debt-ridden property developer Evergrande? • FRANCE 24 English” – below is their description.

The ratings agency S&P has warned that Beijing is unlikely to intervene to rescue struggling Chinese property developer Evergrande, unless there was a risk of “far-reaching contagion” affecting other companies in the sector. The firm is facing two major interest payments this week, and fears about its finances have rippled across global stock markets. Also today, we report on how French businesses are facing rising energy costs, as wholesale prices for gas have soared across Europe.

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About This Source - FRANCE 24 English

The video item below is a piece of English language content from France 24. France 24 is a French state-owned international news television network based in Paris.

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